2012-10-06
2012-10-14
x israel
x washington

STATION
CSPAN 20
CSPAN2 13
FOXNEWS 12
CNN 6
CNNW 6
MSNBC 5
MSNBCW 5
WTTG 4
WETA 3
KPIX (CBS) 2
WMPT (PBS) 2
WRC 2
CNBC 1
KGO (ABC) 1
KNTV (NBC) 1
( more )
LANGUAGE
English 101

Set Clip Length:


in 1986 but are staring us in the face today. first, a much larger and much more dangerous deficit and second, a dramatic increase been income and inequality. old-style tax reform could make both conditions worse. but don't dismiss the old framework lightly. credit for the 1986 reform law belongs to democrats like bill bradley in the senate. just as much as to president reagan. as a member of the house back then, i not only voted for it, but i whipped the votes to make sure it passed. i was on the committee set up by dan rostenkowski to get it done. the approach made a good deal of sense at the time. then, as now, the code was littered with egregious loopholes that needed to be reformed. recall the so-called passive law schools that were in place back then. they allowed wealthy taxpayers to gain the system. someone could invest in a bowling alley and then, if the bowling alley lost money, they could take a write off many times larger than their initial money incestment of their entire income tax liability. we need to get rid of such a gimmicky tax shelter. paring these loopholes al

, the problem of running deficits and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been docto

that substantial deficit reduction would be associated with a substantial reduction in interest rates that would push the economy forward at the more rapid pace. indeed, in an important part of the economic growth of the 1990's can properly be attributed to the unlocking of economic energy that was achieved by the 1993 budget measures, that led to a reduction in interest rate, increase in investment, accelerating growth, lower capital clause, further improvement in the deficit and so forth. that approach, a fiscal consolidationization that lead to substantial growth was a plausible and compelling vision for the country in 1993 1993, it has been a plausible and come compelling vision for other countries and times in places. you cannot fall very far out of the basic. with interest rates at 1.7% for ten years. with a real interest at the level where if you want to put your money or store your money with the government for as much as twentd years, you have to pay them for the privilege of having them hold your money. if they are going give you back inflation. in such an environment, the reduction in

means blowing up the deficit or raising taxes on middle-class families. one or the other. pick your poison. last week, mitt romney said, there is no addition to the deficit with my tax plan. if he says it is not true, then it is not true. ok. it is true that it is not going to add to the deficit, that leaves only one option. that is asking middle-class families to foot the bill by getting rid of the deductions for owning a home, raising kids, or sending them to college. as it turned out, most folks do not like that idea either. just last week, on stage, governor romney decided that instead of changing his plan, he would pretended did not exist. what $5 trillion tax cut? i do not know anything about that tax cut. pay no attention to the tax cut under the carpet, behind the curtain. when he was asked how he would cut the deficit, he said he could make the math work by eliminating local public funding for pbs. by the way, this is not new. this is what he has been saying every time he is asked a question. we can cut out pbs. for all you moms and kids out there, do not worry. somebody is

dust of trickle-down economics will somehow erase any damage to the deficit or hold harmless the middle class -- it is a mirage. it is not realistic. the broader issues of tax reform are something that very much interest the president of united states, but has always -- his approach is always that everyone has to pay their fair share, everyone has to pay their -- everyone has to get a fair shot. in the debate he is having with the election and has been having with republicans on capitol hill, if we take a balanced approach that includes increased revenues by asking millionaires and billionaires to pay a little bit more, we can reduce our deficit significantly -- $4 trillion -- while making sure that the middle class does not have its taxes go up and making sure that we invest in education and infrastructure and innovation. the alternative choice that has been presented is that we should lower taxes for millionaires and billionaires and in order to pay for that, we have to turn medicare into a voucher program. we have to get investments in education and innovation, research and developme

. jordan zimmerman allows five runs. deficit 7-1, nats fighting back. zimmerman takes lance lynn deep to left field, a solo home run. next batter adam laroche, little rally perhaps, follows suit to right field off lynn, back to back jacks, deficit now 7-3. top of the 7th now an 8-4 ballgame, somewhat manageable. zimmerman with two on lines out to left field. jayson werth tags and scores. the relay throw is awful. harper tries to go and is tagged out. nats fall to the cards 12-4, series tied 1-1 surrendering double digit runs to the cards now, nothing new. the fourth time this year that's happened. let's hope the cards got those runs out of their system. lindsay murphy joins us live from st. louis with more. >> reporter: hey, let's just call it like it is. this was an ugly game for the nationals. the cardinals 12 runs on 13 hits and once again pitching is a concern for this nationals ball club. jordan zimmerman has been consistent all season lasted only three innings, his shortest outing since coming off tommy johns surgery. so think about that a second. this ballclub you would think

they need for the jobs they want. get the deficit and debt under control to prevent a debt crisis. make trade in america and sell things overseas and champion small businesses. don't raise taxes on small businesses because they are our job creators. he talks about detroit. mitt romney's a car guy. they keep misquoting hip. let me tell but the mitt romney i know. this is a guy who i was talking to a family in north borough, massachusetts, sherylin mark-nixon. their kids were hit in a car crash, four of them. two of them were paralyzed. the romneys didn't know them. they never met. mitt asked to come over for christmas. he brought his boys, his wife and gifts. later on, he said, i know you are struggling, mark, don't worry about their college, i will pay for it. when mark told me this story -- mitt romney doesn't tell these stories. the nixons told me this story. when he told me the story, it wasn't the cash help, it's that he gave his time and he has consistently. this is a man who gave 30% of his income to charity, more than the two of us combined. mitt romney's good man. he cares about

national deficit has grown through $16 trillion. the president said he was gone to cut that in half, but it doubled under his watch. very disturbing is that when the president came into office there were 32 million americans on food stamps. today its 47 million. there is still an incredible number of ohioans and americans out there struggling. the choice is clear. we can have four more years like the last of zero four. what america needs is a real recovery. only romney and ryan can provide that. host: when the president took office we were losing 800,000 jobs a month. since the president took office, we have 5.5 million additional jobs. truck about the automobile recovering, he saved the automobile industry and 1/88 jobs in the state are reflective of the auto industry. i worked the railroad 41 years. the guys and women working there, they're happy, jumping up and down because they have employment. one out of eight jobs are connected to the auto industry. not only that, the government at the time, strickland, and the president came to and youngstown, my area, and it one of the last

competitiveness for the economy. another important element is the public sector deficit, and the stability of the government debt . another important structural reform is being put into the spanish constitution, the financial stability law. that means that the government is going to be more able to meet their objectives and to put a degree of control on the expenses and the deficit. the government can control the expenditures from the central government. another part of the government. you have unique tools in order to make that complied. now, the government as the proper tools to address these issues. in the process of addressing the fiscal situation, we have a totally out of control deficit in year 2009. deficit exceeding 11% of its gdp. now we and the royal of reducing the deficit. the very important issue is about the capacity of the government to get to the 6% public sector deficits. as the greek of skepticism in the markets, the capacity of the government. the government is confident that we can get to this figure. if they work to get their it will be very important positive message

would call these gimmicks, the full ten year cost of this bill has of $460 billion deficit. the second has a one half trillion dollar deficit. probably the most cynical gimmick in this bill is something that we all probably agree on. we don't think we should cut doctors' 21% next year. we stop those cuts from occurring every year for the last seven years. we all call this the toxics. well, according to your numbers it cost her her $71 billion. it was in the first iteration of all these bills. because it was a big price tag and made the score look bad, may look like a deficit, that provision was taken out and has been going on in stand-alone legislation. ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. and so when you take a look of this is just as not add up. let's finish with the cost curve. we bending the cost curve down or up? well, if you look at your own chief actuary of medicare revenue up. he is time we are going up $222 billion, adding more to the unsustainable fiscal situation we have. and so when you take a look

, in 2010 a bipartisan federal commission unveiled the plan to cut the nation's deficit by $4 trillion through a mix of tax increases and spending cuts. the plan was never voted on in congress. do you agree with any or all with what the commission came up with? what other efforts do you think the country needs to take on to cut the country's debt, which now exceeds $16 trillion? >> debt and our deficit are very important issues that we need to tackle and they're a matter of national security. and this is one of the starkest contrasts between congresswoman bono mack and myself. you see, congresswoman bono mack wants to put the deficit and the burden of our debt on the shoulders of our seniors, our middle class and our students. by turning medicare into a private voucher system and charging our seniors $6,000 a year for their health care costs on average, by cutting pell grants and stafford loans who rely on those for their college education and she's voted to increase taxes on the middle class through the ryan plan. all of this in order to keep tax breaks for multi-millionaires and tax

years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my blueprint for america to get an economy and stronger jobs. the question is which one of us can be accounted upon. you may have read an article that was comparing our two governorships. the call me when the most accomplished modern governors with major improvements in public education, safety, welfare reform, and i described how worked with leaders in the other party to get results for the people. the bad economy

spending cuts and we need to be talking about increasing revenues. it takes both to close the deficit. we both submitted our economic proposals to the boston globe. they were sent out four independent economic analysis. what the independent economists found is that i was 67% more effective at cutting the deficit then senator brown. why? because i am willing to make cuts. i am willing to make substantial cuts. i support substantial cuts. i also believe we have to raise revenues. that is what it will take to get serious about our deficit. i truly believe on this one, this is about our children and grandchildren. we cannot leave it to our grandchildren to pay off our debts. >> great question. we are in the $16 trillion national debt. we are in another trillion dollar deficit. you cannot keep borrowing to pay our bills. when we are talking about cutting military spending, we have party cut in half a trillion dollars. that affects many people in this room and people watching. i have been battling as a member of the arms services committee to try to find the resources to protect our men and wom

the skills they need to get jobs they want. get this deficit and debt under control to prevent a debt crise. make trade work for america so we can make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses because they're our job creators. he talks about detroit. mitt romney is a car guy. they keep misquoting him, but let me tell you about the mitt romney i know. this is a guy who i was talking to a family in northboro, massachusetts, the other day. sheryl and mark nixon. their kids were hit in a car crash, four of them, two of them, rob and reid, were paralyzed. the romneys didn't know them. they went to the same church. mitt asked if he could come over on christmas. he brought his boys, his wife, and gifts. later on he said, "i know you're struggling, mark. don't worry about their college. i'll pay for it." when mark told me this story, because you know what, mitt romney doesn't tell this story. the nixons told this story. when he told me this story. he said it wasn't the cash help. it's that he gave his time and he has consiste

claimed that you can reduce our deficit through tax increases alone. he's never said that. the president and vice president have said we need to take the ballad propose, using the kind of frachlwork that bipartisan groups have suggested. whereas republicans have been very clear not one more penny, even from people like mitt romney to reduce the deficit. so our point isn't that you can increase taxes on wealthier people, and do the whole thing on the deficit. our point of review is that they should be asked to contribute a little more. go back to paying what they were in the clinton administration, when the economy was roaring. that's what we're saying. we support a combination of additional targeted cuts. but also revenue for folks who are doing very well to help reduce the deficit. because if you don't have one penny more from very wealthy people it means you sock it to everybody else. seniors on medicare pay more. less investment in our kids' education. and that's exactly the romney/ryan budget does. itzhaks it to the middle class and seniors, in order to give these tax breaks to very

administration does not really care about the deficit and how high it is getting. why would you raise the deficit when you owe so much money? it will bankrupt our country. host: what do you do a in redmond, ore.? caller: i am a full-time student at a community college and i also work at a fast-food restaurant to pay bills. host: where are you studying? caller: criminal-justice. host: where are you watching c- span at 6:00 a.m. in the morning in oregon? caller: i get up early allot. earlier, i was watching a different program, in b.c. i think, and i think there were a lot of very baidoa -- nbc, i think, and i think there were a lot of very biased reporters. i switched channels. host: is this your first time watching c-span? caller: no, it is now. i actually watched it a lot. host: that is there a studying criminal justice in redmond, ore.. next up is michael in springdale, another first-time voter. caller: i was flipping through the channels here and listening to a lot of individuals call in and one of the topics that came up is the military. and being a first-time voter, i want to say that as a v

both to close the deficit. we both submitted our economic proposals to the boston globe. they were sent out four independent economic analysis. found is that i was 67% more effective at cutting the deficit then senator brown. why? because i am willing to make cuts. i am willing to make substantial cuts. i support substantial cuts. i also believe we have to raise revenues. that is what it will take to get serious about our deficit. i truly believe on this one, this is about our children and grandchildren. we cannot leave it to our debts. >> that is time. mr. brown? >> great question. we are in the $16 trillion national debt. we are in another trillion dollar deficit. you cannot keep borrowing to pay our bills. when we are talking about cutting military spending, we have party cut in half a trillion dollars. that affects many people in this room and people watching. i have been battling as a member of the arms services committee to try to find the resources to protect our men and women who are serving. we have sequestration coming up. we are trying to work in a bipartisan effort to step b

for the economy. another important element is a private set her deficit. wow, another important reform has been to put into the constitution, a financial stability law, that means that the government is going to be more able to meet their objectives and to put a degree on the expand says and the deficit of the regional suspense, which is part of the issue because the expenditures from the central government, another part of the government in which you have tools in order to make them comply with your objectives. at the government has proper tools. and in the process of the fiscal situation as we see in this chart, we have a totally out-of-control deficits in the year 2009 with a deficit exceeding 11% of the gdp and now we are to reducing the step thursday of the very important issue and what the markets wonder if the capacity of the government to get to the 6.3%. there is a degree in the market and the capacity, but the government is confident that she can get this figure and i think it would be a very important message for the market. if it's able to comply with the objective of direction and

? >> i will -- the candidates how they will reconcile reducing the deficit, cut spending and still -- [inaudible] >> what are you doing to prevent trafficking and to stop it altogether? >> all day like event tomorrow on c-span2 to tell you about. the center for strategic and international studies looks at political transitions in north africa. this starts at 8:30 a.m. eastern. >> we are live at centre college in danville kentucky for the 2012 vice presidential debate between vice presidential bike and congressman paul ryan. the moderator, martha raddatz is almost ready to begin after giving the audience instructions to remain quiet during the debate. we are waiting for her to introduce the candidates announced the opening question. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] .. [inaudible conversations] [background sounds] [background sounds] [background sounds] [inaudible conversations] [background sounds] [inaudible conversations] [background sounds] [inaudible conversa

income individuals to avoid either raising the deficit or burdening the middle class. it's math. it is arithmetic. megyn: now, this professor at princeton, upon whom the obama campaign has based its charge since then, they are citing this professor, harry rosen, to say that romney's plan is going to pinch the middle class -- he has come out and said, i have never said that and i do not believe that. joining me now is lou dobbs, host of "lou dobbs tonight" and a syndicated radio host. it's not often that you see a princeton guide defending a candidate, but he is saying that i am not saying, this will not pinch the middle class. why is that? be. lou: based on a set of assumptions, it is a result of the tax reductions and the marginal tax rate, which would be 20% from top to bottom. megyn: romney is going to cut 20% for everyone? lou: the top 20% will go to 28. and he said, what are you talking about? they stripped away the tax policy center -- which is a left wing outfit. megyn: let's just keep on that, because this is the other thing -- the tax policy center says the middle class

script is all messed up. tyler moore rallied the nats back from a 2-1 8 inning deficit with a two out, two run single, leading the team to a 3- 2 win over the defending world series champions. game two is this afternoon in st. louis. game three will be in d.c. wednesday. >>> on the grid iron, the redskins lost the game and more, taking on undefeated atlanta. rg3 left the game in the 3rd quarter after taking a rough hit, yeah. it was a legal hit. along the sideline. the team says he has a middle concussions. cousins threw a 77-yard touchdown, but also threw two picks. atlanta won 24-17. dave ross will have an update on rg3's status and highlights from the orioles yankees coming up in about 15 minutes. allison? >>> less than a month to go before the election, and the focus is once again on foreign policy. today republican nominee mitt romney will be back in the commonwealth where he'll delivery an address at the virginia military institute. meanwhile, the president is in california. >> reporter: election day is four weeks from tomorrow. look at some of the polls. within the margin of er

also. actually doing quite well. our neighbor to the south, fiscal deficits. monetary policy. a better job creating jobs and there. as much as we can. >> implicit in all of this, we the united states and not doing as well as we should. let's turn inward. how worried are you and how much are you planning for the fiscal cliff? >> there has is the big deal. when the crisis happens, the debt tween crisis, we spend 50 to $100 million preparing. the complexity of that happening in global financial markets, real failure. the fiscal cliff is not quite that because it is more predictable, but we have a fiscal clef. going through to make sure we understand all of it. we will be prepared. j.p. morgan will survive the fiscal cliff. i think it's terrible policy to allow. the reason i think it's bad, there are potential outcomes. i would defy. therefore it is irresponsible policy to say, let's see. lets us see. let's try to avoid that. it won't happen on midnight dec. 31st. it will happen now. this is bad. the margin go higher. don't go, don't buy. wait and see. that is a recession. this people pull

're facing absolutely massive deficits. this administration has chosen to ignore it. the president has failed, put forth a plan to deal with those deficits and if everyone believes everything is coming up roses, perhaps the vice- president should join me as i travel around the country and speak to people. people in pennsylvania are not terribly thrilled with what happening in the economy. people in youngstown, ohio have stores that are boarded up because the economy is not doing well. it's not only the old industries that are not -- in san jose, calif., they are complaining because they cannot export their high-quality goods to japan and other countries. people in the northwest and in the state of oregon are complaining about what's happening to the timber industry and agriculture industry. things are not as great as the administration is wanting us to believe in their television commercials. my feeling quite frankly is i have enough experience to see the problems, address them, and make the tough decision that level of people with reference to this problem. >> despite the historic aspects of

earns under $200,000 a year. how can he guarantee that and cut the deficit in half as he's promised? >> because we will do what they've not done. if you look at what's happened over the last four years, we have gone from a $5 trillion projected surplus when george bush took office to a $3 trillion projected deficit. they promised they were going to put $2 trillion of the surplus aside for social security. not done. not only that, it's the biggest fiscal turnaround in american history. and there's no end in sight. "the washington post" just reported they have several trillion dollars of additional tax cuts in spending. no suggestion of what they're going to do about it. john kerry and i believe we have a moral responsibility not to leave trillions of dollars of debt to our children and our grandchildren. so, here's what we're going to do, to answer your question, to pay for the things that we believe need to be done. we talk about healthcare and education because we have plans on both those things. what we're going to do is roll back tax cuts -- and i want everyone to hear this becau

of $3 trillion in deficit reductions, which is some combination of tax revenue and spending cuts. therein lies the problem. we have a situation where democrats have been loath to to target the deep spending cuts to domestic programs an impediment programs that would be needed to cut a deal, -- entitlement programs that would be needed to cut a deal, and republicans are loath to consider the idea of any sort of new tax revenue that could be added to the picture. so, how do you put this deal together in no way that makes a policy sense, but also would satisfy the political differences on either side? it really is difficult. if you look to the projections, people say if we do not do anything, this would be great for the nation put the deficit, because tax revenues would automatically go up, spending would go down, and our national deficit would nearly be cut in half. that is a great outcome. yes, it is, but the other hand, the economy, which is in a fragile state, would decline, and we've seen projections of a 0.5% reduction in gdp growth which experts say would put the economy in a

not reach a deal cutting the deficit. jpmorgan is being sued at the new york attorney general over allegations that subsidiary bear stearns deceived investors into buying mortgage-backed securities. this is an hour. [inaudible conversations] >> well, good afternoon. i am richard haass and i want to welcome all of you to the council on foreign relations into today's ceo speaker series meeting. this is part of the council on foreign relations corporate programs, which is supposed to increase connections and links between the business community in the foreign policy community, which to some extent are one and the same. i want to thank -- rather welcome not necessarily those of you do, but those around the world participating in this meeting or modern technology. speaking of modern technology, if people take a second to turn off their cell phones and the like, that would be most welcome. this meeting is on the record. as we say, anything can and will i'm sure be against you. in this danish, probably some things you haven't said will be used against you. the phrase for someone it's no

campaign stop in new hampshire was talking about the threat of deficit spending. it's probably something you might hear tonight at the vice- presidential debate. here's a preview. [video clip] >> we cannot keep borrowing 36 cents of every dollar our government spends. we cannot keep the federal reserve doing what. we cannot keep looking our children in the eye, knowing that we are going to give them a diminished future because we are spending their money today. it's a very simple idea. mitt romney and i will bring it to washington. we've got to stop spending money we don't have. we must cut spending. we must get this balanced budget. we must get this debt under control. this debt not only hurts our economy today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-pre

to cut the deficit in half in four years. we have four budget it is and four trillion dollar deficits. a debt crisis is coming and we can't keep spend borrowing like and spending money we don't have. leaders run to problems to fix problems. >> steve: i got this tweet. why was bush crusify biden didn't get information on the intelligence community and that is okay. >> steve: ultimately some polls went out and they did snap pollings. cnn paul ryan . cnbc. winner 20 points. >> brian: cbsdid joe biden. >> steve: they did a focus group for 50 people. >> gretchen: we have frank coming up. and we'll show you that. now the rest of the head lineups for friday. one month after ambassador stevens was ciled. lawrence pope is the new charge of affairs. he will represent. pope retired 12 years ago and an ambassador to chad and political advisor for the special command and special operations in the middle east. governor mitt romney getting a spiritual boost from billy graham. >> reverend graham added he would do everything to help him. franklin graham has provided council to every president since ha

where we can compromise and come to the middle and we must do that. we have a huge deficit and like i said earlier, a little amnesia how we got there but we are there and we have to deal with this. it's a must do and for the good of the country and same as senator, as tom, excuse me. i didn't mean to relegate you to senator. but i have children and grandchildren and we have got to do some things right for the future of this country. it's a privilege for us, all of us in this country. >> moderator: along those same lines congress and boswell what is the most important things that you think, the most important thing congress can do that would stimulate job growth or lift the overall economy? boswell: right now we are an agriculture stated we are much more. we are certainly in agriculture state and we don't have a farm bill. it comes up every five years and it's very important to iowa and all of the crop bearing fire for producing states in the middle was an across the country. we have to have a farm bill and there have been political posturing. the speaker -- mr. latham's best friend i'

and creating jobs. >> your also worried about the deficit. clearly america has large and ever-growing deficits. the proposed a tax cut. that is defecit spending. >> this is a two-step deal. everybody knows we need the big deal. we talk about that and 30 seconds. we're not going to get to the big deal by jumping off the bridge. what we're saying is that it is not the right thing to do to have the largest tax increase in the history of america and to have up $1.20 trillion worth of spending cuts that do not even look at medicare and medicaid across the board without thinking through what is the deal is going to be. anybody from either party should come to a realization that the big deal counts. all we need to do is get a small part of an extension. when you talk about these taxes and spending, it cannot be done by 10 people in the back room. it has to be done in normal order. they are the only people that understand what you're in those bills. >> to and if you really think we're going to jump off a fiscal cliff? >> i think it is at least that the tax cut scheduled to expire to expire. maybe slig

a federal government that is far too large, $16 trillion of debt, $1.3 trillion deficit. we need somebody who will stand up and fight. i have that record in the house. that's the record i will take to the senate. that's what i would appreciate your vote, and thank you. >> our next closing statement is from marc victor. >> ladies and gentlemen, our country was founded upon freedom. we are about individual rights and responsibilities. we are about free markets. we are about being free to both defined and pursue your own happiness. it's about americans being in charge of themselves. these are the principles that made us a great nation, but we have strayed so far from these principles. we have a busybody government that is into everything. it regulates, taxes everything and everyone literally to death. it's involved in our lives cradle-to-grave. over 16 trillion in debt now and going ever higher. highest incarceration rate in the world. over 2 million in prison. perpetual wars that we keep paying for with more debt and human life. we are speaking in the wrong direction. and guess who was driv

. >> bret: more on this with the panel. thank you. federal deficit topped $1 trillion for the fourth year in a row. the numbers $1.1 trillion in red for fiscal year 2012 which just ended. that is $207 billion less than the previous year. government spending fell 1.7%. tax revenue rose 6.4%. higher gasoline costs drove wholesale prices up. dow broke two-day losing streak. >> disseption in ranks of the "new york times" over the libya story later in the grapevine. up next, the still unreleased video of the benghazi attack. what does it show? [ male ann] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model yea

creating debt. the facts are clear. obama's four deficits are the four largest in us history. he's adding almost as much debt as all 43 previous presidents -- combined. and over 30 cents of every dollar obama spends is borrowed. much of it from countries like china. he's not just wasting money, he's borrowing it and then wasting it. we can't afford four more years. [ romney ] i'm mitt romney and i approve this message. >>> buried beneath all the baseball headlines, scott? >> 6-2 in the 5th right now. nats lead. >> there you go. the redskins have a pretty big game this weekend. scott is back with a look at the match-up and rg3 on the mines of all of us. >> that's been -- minds of all of us. >> that's been the big item this week. he participated fully today in practice, said there's no symptoms or setbacks. >> he wants to play. >> if you ask him, he'll tell you he wants to play on sunday. it will be a game time decision. pierre garcon is questionable with a foot ailment. we'll see on him as well. how about the opponent this weekend? it's the minnesota vikings and this is one of the big surp

are clear. obama's four deficits are the four largest in us history. hes adding almost as much debt as all 43 previous presidents -- combined. and over 30 cents of every dollar obama spends is borrowed. much of it from countries like china. he's not just wasting money, he's borrowing it and then wasting it. we can't afford four more years. [ romney ] i'm mitt romney and i approve this message. >>> fox 5 health alert now. a medical examiner says a man is dead. an autopsy confirms 47-year-old douglas winngate died last month after receiving a spinal injection connected to that nationwide outbreak. at least 184 people were made sick. >>> a minnesota woman is the first to file a lawsuit in connection with the outbreak. the woman is suing the maker of the steroid after she was given an injection for back pain and experienced symptoms consistent with fungal meningitis. she has been tested and waiting for the results. it is estimated nearly 14,000 patients have been given the tainted injections and could be at risk for developing the rare form of fungal meningitis. >>> it's almost flu season, bu

to eliminate spending that doesn't work. we are ready to have a deficit reduction deal that is big, bold, and balanced. we also understand that in addition to spending cuts you go got to have revenue. hope that moderate republicans will be empowered to negotiate that with us for the good of the country. we have eight minutes left here.x >> congressman, you talked a little bit about that.xxx you know, when we come back and in november and to the capital, all of the congress, all the members of congress including some of the tea party members you hope to defeat this remember will still be here, will still be voting members until at least january, how do you navigate that if democrats are successful in november? >> time in thinking the day after. am focus on how to get into a position where we within the house of representative then we can reach out and cross the aisle and talk to moderate republicans and maybe even to some tea party republicans who have now bee been, have now learned the lesson firsthand as painful it may be that extremism is not a virtue. and maybe we'll be able to talk s

the national deficit. now, everybody can obsess on his 87 -- and obsess on what he said during the primaries. but that sent a message to me, jim vandehei. >> of the philosophy. >> that that philosophy, a moderate philosophy, a conservative with a small "c" philosophy, that i'm not going to be a crazy ideologue, i'm not going to slash first and ask questions later. i'm mindful that we live in a global -- on a global stage. where investors are scared to death that the u.s. is going to sink deeper in debt. he's striking, though, he's striking the right tone for me. i know he's striking the right tone now for a lot of americans. i don't think you can overstate the importance of that new tone. >> well, and if he were to win, and i still think it's a big if, he would have a lot of flexibility, i think, to do what you were talking about three or four minutes ago on the show, which is do a global deal that's positions the united states to really sort of take advantage of this global slowdown. we have a piece up today where we have jamie dimon, other people on the record saying, you know what? we wil

-a-trillion-dollar deficit annually. when george bush came into office, our debt, national debt was around $5 trillion. it's now over $10 trillion. we've almost doubled it. and so while it's true that nobody's completely innocent here, we have had over the last eight years the biggest increases in deficit spending and national debt in our history. and senator mccain voted for four out of five of those george bush budgets. so here's what i would do. i'm going to spend some money on the key issues that we've got to work on. you know, you may have seen your health care premiums go up. we've got to reform health care to help you and your budget. we are going to have to deal with energy because we can't keep on borrowing from the chinese and sending money to saudi arabia. we are mortgaging our children's future. we've got to have a different energy plan. we've got to invest in college affordability. so we're going to have to make some investments, but we've also got to make spending cuts. and what i've proposed, you'll hear senator mccain say well, he's proposing a whole bunch of new spending, but actually i'm

that governor romney has that would in their estimation, lead to a $5 trillion deficit, they are citing outside besides for that number. and romney says it will be compensated for by loopholes. how he will justify the cuts? where will those revenue sources be made up? >> even stephanie cutter admitted it is not a $5 trillion tax cut. we have a 20% tax cut across the board, no matter what income level you fall into. but for those people at the higher levels of income, what governor rom no is proposing is closing loopholes and dedux for those individuals that will ultimately make the entire budget revenue neutral. >> shannon: when will we find out what they are? >> when a budget is put together, when the budget committee puts forward a budget, they don't put forward a budget with every loophole and deduction and every single -- they have a couple of numbers, they say here's the top number, here's the bottom number. you go to the ways & means committee and i sit down with a burch of people and i figure out how to get a tax cut across the board and close the loopholes so the people at the higher le

, or the 49ers, are reacting to the same thing, they're both out of control. we have a deficit that is going to kill us. they're not minding the store. now, we come at it from two other spectrums, but they're the same issues, basically the same issues they're focused on. and when the tea party first came in. and i was at a rally down in arizona with a candidate on the first tax day, first april 15th after the tea party was founded. and there were people who were democrats, there were republicans, there were independents who were there rallying on the street. but when they got into the office, they started to morph over to the social issues, so as they have done that, i think the basic premise for the party is very right, frankly. we have got to get serious about these issues. >> president reagan said famously he didn't leave the democratic party, the democratic party left him. do you feel that members of the gop feel that way? do you feel that way? >> oh, i know people feel that way. and i'm certainly verging on that. the party that i saw at the convention when you looked at the clips that -

still have a $300 billion deficit. you see there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he thinks about that. hi, stu, good morning. >> well look, the central quote on the economic side of the debate which policy will grow the economy and cut the deficit. paul ryan was very clear. you cut tax rates, that gives you growth. listen to this exchange. >> cut tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> not mattally possible. >> it is mathematically possible. it has been done before. >> it has never been done before. >> it has been done couple times actually. lower tax rates increase growth. lower tax rates. >> now you're jack kennedy. >> well that was interruption. that was also a put-down and vice president biden woos factually

deficit to win 30-27. they dedicated that game to their coach who is battling leukemia. congratulations. >> it is time now. 40 after the hour. coming up it sounds like a warning for a crazy roller-coaster. why is detroit telling people to visit at their own risk? >> it is your last chance to answer our question of the day is forcing student athletes to run extra lapse a form of corporal punishment sfl ? we will read the comments and tweets coming up next. it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. [ charlie ] try zinc free super poligrip. >> there's let's span the globe to see what's happening ov

now." john boehner is rowlowering expectations saying the deficit deal probably won't happen when congress returns after the election. it's not called lame duck for nothing. but surprising absolutely no one, everyone will wait to see how who the president will be, who's sitting in the oval office. >> yeah. look, the only reason -- well, two reasons you think this whole fiscal mess gets solved in this period is, one, because they have rather large, looming deadlines like the markets wanted it to happen and tax rates will go up and defense cuts mitt romney thinks are intentional -- never mind. is other reason the such difficult decisions they want to blame it on the old congress. whoever is president, that will still will true. i say the deal gets done. if not the whole thing sh it's because people think if you go beyond the deadline. tax rates go up for a week or two they will get a better deal. who knows? >> if you want to get a vote out of people they are worried about casting to lose office and they have already lost. >> blame the other people. >> do you know where there is bipa

. >> in order to reduce the deficit, there has to be revenue in addition to cuts. >> there has to be revenue in addition to cuts. governor romney has ruled out revenue. he's ruled out revenue. >> is that true? >> absolutely. the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth, balance the budget. the idea of taxing people more, putting more people out of work, you'll never get there. you never balance the budget by raising taxes. >> sean: that was my next guest, jim lehrer, moderating the debate last week. the left tried to make him the scapegoat for obama's pitiful performance, but for 60 million americans it was obvious the blame laid squarely with the president himself. here is former pbs news anchor jim lehrer. nice to see you. >> good to see you, sean. >> "good evening, this is "the newshour"." >> you did that really well. >> sean: how are you doing? >> "the newshour" is doing great. the team took time to get it in place. i transitioned out and i'm very happy about the pbs news, how it's functioning. >> i felt bad for you after th

. >> in order to reduce the deficit, there has to be revenue in addition to cuts. >>> there has to be revenue addition to cuts. >> and this is ruled out. >> absolutely. >> there is revenue i get is by more people working and paying higher taxes. idea of taxing people more, putting more people out of work, you'll never get there or balance the budget. and that is my next guest and the left tried hard to make him the scapegoat for 67 million americans it was well, obvious to blame lays with the president himself. here to respond is the author of "pension city". good to see you again. >> good to see you, sean. >> you say good evening this, is the news hour. >> and that is i'm going to leave your name at the door. >> the news is doing great. it's a time took time to get it into place. i transitioned out and i'm very happy about this. >> and i felt that for you... after the debate z a lot of criticism he does. >> and how did you feel about that? >> i'm not keen on criticism. and you know, but... that was at the beginning. the criticism is pretty much gone away. people realize that spin didn't work

. allen charged senator kaine would turn to tax hikes to battle the deficit. while kaine accused allen of hollow promises void of specifics. tonight's moderator said the tax discussion will undoubtedly emerge again. >> allen said the tax cuts should be for everyone, tim kaine says in fact that families making over $500,000 should have their tax rates raised back to where they were when bill clinton was president. so taxes is going to be a clear distinction here. >> reporter: both candidates put up new ads today. . >> we're a great team. we'll be a great team in washington. >> reporter: allen's latest ad focuses on the looming budget cuts that could hit hard in the defense industry. >> george allen's plan stops the defense cuts, creates jobs, and grows our economy. >> reporter: while kaine has outraised allen, outside groups have spent tens of millions of ads against kaine. polls have been mostly deadlocked until the last few days when three surveys show kaine pulling ahead. swing voters they say might vote a split ticket. >> the vast majority of people who vote for barack obama are goi

on deficit reduction requiring the wealthy to pay more and more cutting in the federal government. >> you have 90 seconds. >> again, shame on you. you thought this campaign is going to be a coronation because you're a democrat and now you are in a serious race with a serious woman and you are desperate. therefore you raise these issues. my plan sites every word that i used from the brightest in the best to but my plan together. you would be better served to be putting a plan together. you need to be honest with the people of connecticut. you need to be honest about your special interest loans. to be honest about your attendance in washington. shame on you for taking this direction with this campaign. it is beneath you. and the people of connecticut deserve better. in my plan, i have referenced a tax cut for the middle class. my plan, if you take a look at it, absolutely keeps taxes the same across the board accept we're going to cut taxes for the middle class. my plan is the only one that has an actual middle-class tax cut. congressman murphy has voted to raise taxes on the middle class o

a budget deficit of $1.30 trillion and a $16 trillion debt. >> the question would be, is it worth not getting these benefits to the veterans if it means no more lard? >> what happens is those bills will be brought right back. they are popular pieces of legislation. people want to support veterans and they should. when this ad ran that claimed that i would deny care for veterans with missing limbs and legs, it did. it showed pictures of them. my father is a korean war veteran. my brother has done two tours in afghanistan, two in iraq. april white, when she saw that ad, she called our office and said that may be sick because when i cannot get the benefits i was due only one person without the and that was jeff flake. >> let's look at the facts. we can stipulate -- my father and uncle served in combat. my brother served 30 years and special forces. that is not the issue. the congressman is trying to evade the issue. there are three specific bills he voted against those issues. it is not only me. the iraqi-afghanistan veterans organization gave him an f. the vietnam veterans gave him

it done. the failure of the joint deficit committee has left us with the looming arbitrary cuts. those will be mentioned from up here and down there. i'm pleased that the house essentially passed a bill that said no, these impending cuts aren't going to affect military families and certainly i think that's all of our position. we'd like the administration to clarify that that is set in concrete. so again, certainly, as you said commander, we must make it clear that under no circumstances we will not balance the budget on the backs of our men and women in uniform and our veterans. [applause]. i thought you all were napping. and again the good news is i think we're all on board. thanks for your neverts suicide prevention. that's something we work on hard here. there's just a number of things in regard to that. the other thing that i'm concerned about is military voting. that is something that if anybody has a right to vote, it's the men and women that are serving overseas. so i think in a very bipartisan way we're working to ensure that is not going to be a problem. so we're going to pre

to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] [ male announcer ] gly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> welcome back to "starting point." clint eastwood's address raised eyebrows because of this scene when he was talking to an empty chair. the empty chair represented president obama. this week's cover of "the new yorker" picks up on the performance against mitt romney. why don't you since you work for "the new yorker" ryan, put that cover up again. >> this is barry blitz, one of -- i think one

that deficit. so they still think they've got openings here, wolf. and they do. anything can happen. overnight's a lifetime in politics, particularly when it comes to a close presidential race like this. >> and all those folks thought that president obama had it wrapped up a few days ago, not yet. gloria, stand by. mitt romney was clearly hammering away at the president's foreign policy before a military audience today and sketched out a stronger, bolder response by a romney administration. cnn's national political correspondent jim acosta has more on that. >> reporter: wolf, after millions of americans watched mitt romney go toe to toe with president obama at their first debate, the gop nominee now wants voters to see him as commander in chief. he's done just that in a series of foreign policy speeches, including one here at the virginia military institute where he kudz the president of allowing the middle east to drift closer towards war. telling a crowd of cadets and supporters at the virginia military institute that hope is not a strategy on foreign policy, mitt romney wasted no time in bu

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